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Antpool, the bitcoin mining pool affiliated with Bitmain, has announced the crypto mining operation will not manage ethereum accounts after The Merge is implemented. The mining pool is asking participating Antpool miners to add their ethereum withdrawal addresses by September 3, in order to receive the accumulated ether collected by Antpool.
The last and final Bellatrix upgrade was pushed earlier this week, as we approach the date of the Ethereum [ETH] Merge. With the Merge putting an end to the ETH mining community, miners are searching for other alternatives to stay in the business.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After a relatively dull week, sellers toned down the buying efforts by pulling Ethereum Classic [ETC] toward the $31 baseline.
This Ethereum cousin is surging in the wake of the Merge.
The hash rate of ETC hits an all-time high, which reduces the risks of a "51% attack."
Ethereum Classic [ETC] risks 51% Proof-of-Work (PoW) finality fraud. This was the current state of ETC as per a recent risk evaluation of its ecosystem.
Binance Coin (CRYPTO: BNB) was trading more than 3.75% higher at one point during Thursday's 24-hour trading session, in tandem with Bitcoin (CRYPTO: BTC), which temporarily jumped 2% alongside a slight increase on the S&P 500. Ethereum Classic (CRYPTO: ETC) and Shiba Inu (CRYPTO: SHIB) reacted more bullishly to the upward swing across the markets, trading more than 7% and 13% higher, respectively, on higher-than-average volume.
On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic's hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash marks the network's second record high in five days, as Ethereum Classic captured 38.37 terahash per second (TH/s) on August 20, 2022.
Cryptos like Decred are finding themselves in top crypto lists.
In recent months, the ethereum ecosystem has been among investors' most popular topics of conversation. The upcoming merge in September has caused quite a stir, with analysts taking a close look at its repercussions on ETH to give investors an idea of what to expect.
Ethereum Classic price is constantly flashing buy signals despite the recent drop and hence a significant buying pressure raised the price upwards. Interestingly, while a pullback was presumed, the price seems to be poised to slice the bearish set-up.
Bitcoin price remained supported above the USD 21,000 zone. BTC started a recovery wave and climbed above the USD 21,500 zone. It is currently (04:00 UTC) showing a few positive signs and might rise towards the USD 22,000 level.
Bitfly, the firm behind Ethereum's most significant mining pool Ethermine has revealed in a recent blog post that it will be ceasing all Ethereum Proof-of-Work (PoW) mining operations following The Merge. Additionally, it will not create a dedicated mining pool for any Ethereum PoW fork.
While many people make money in crypto because they put a lot of money into the space in the first place, what if you want to start small but hope for bigger gains further down the line? After all, not everyone can afford to put tons of cash into something that's still a high-risk investment.
A Twitter poll by node operator @cryptovium revealed that most Ethereum miners intend to mine Ergo after the Merge. The post Most PoW miners intend to mine Ergo, not Ravencoin or Ethereum Classic post-Merge appeared first on CryptoSlate.
Ethereum Classic has witnessed immense traction ahead of Ethereum's upcoming Merge. ETC registered over 150% in the past month and its holders have been enjoying the uphill ride.
Ethereum Classic (ETC) is arguably one of the tokens that have benefitted the most in the recent rally. Given its close proximity to Ethereum, the bullish sentiment drummed off by the “Merge” had triggered a significant rally in the price of the digital asset.
Ethereum Classic (ETC/USD) is essentially an open-source, decentralized, and blockchain-based distributed cryptocurrency and network that has support for smart contract functionality. Ethereum Classic was formed in 2016 as a result of the Ethereum community's disagreement regarding a change with the developers surrounding its immutability, where the entire network was affected.
On August 20, 2022, Ethereum Classic's hashrate reached an all-time high at block height 15,776,674 as it tapped 38.37 terahash per second (TH/s). The crypto asset has seen its hashrate surge since Wednesday, August 17, jumping 39.22% higher from 27.56 TH/s to the all-time high (ATH). Ethereum Classic's Hashpower Skyrockets to 38.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After a significantly steep uptrend for a month, Ethereum Classic [ETC] saw a relatively dull week. The selling re-emergence pulled the altcoin below the four-hour 200 EMA (green) to reveal its bearish edge.
Imagine if one could measure a cryptocurrency's demand level by the strength of its bounceback. Ethereum Classic would have been worth looking at then, especially after its 260% rally from its 2022 lows.
Our Ethereum Classic price prediction depends on the price action of Ethereum as both cryptocurrencies are strongly correlated.
Is it a good time to start investing in cryptocurrencies? It depends. A cautious investor might say your money would be better served in more stable markets.
Ethereum Classic saw more than a 100% increase in total value locked (TVL) due to the pouring of more liquidity into the project in anticipation of the Ethereum Merge. The post Ethereum Classic (ETC) Total Value Locked Doubles Ahead of Ethereum (ETH) Merge appeared first on BeInCrypto.
